Ideal Homes Foundation Inc
Ideal Homes Foundation Inc is a corporate foundation based in Norman, Oklahoma, established in 2000. The foundation is classified as a 501(c)(3) organization and operates as a private foundation with a primary focus on educational scholarships and supporting charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$953K
+16.4% YoY
Annual Giving
$57K
-83.6% YoY
Grant Count
30
-9.1% YoY
Avg Grant Size
$2K
-81.9% YoY
Under IRS private-foundation payout rules, Ideal Homes Foundation Inc reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds educational scholarships to support the purposes of charitable organizations. Key funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Professional Societies & Associations
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Oklahoma, Kansas, and Texas, with a particular emphasis on the Norman, Oklahoma area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $952,879
- Total Revenue: $262,463
- Total Expenses: $129,744
- Net Income: $132,719
- Total Liabilities: $3,040
Revenue Breakdown (2024):
- Contributions Received: $15,000
- Net Rental Income: $24,030
- Net Gain from Sale of Non-Inventory Assets: $153,672
As of December 2023:
- Total Assets: $818,619
- Total Revenue: $592,107
- Total Expenses: $419,697
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $952,879 | $818,619 | $646,209 |
| Revenue | $262,463 | $592,107 | $630,819 |
| Expenses | $129,744 | $419,697 | $416,702 |
| Qualifying Distributions | $57,350 | $348,900 | $352,750 |
| Net Investment Income | $24,030 | $25,826 | $25,656 |
| Distributable Amount | $69,210 | $66,680 | $60,309 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Erika Ochoa ($4,000), David Fisher ($4,000), Susan Morren ($3,400).
| Recipient | Purpose | Amount |
|---|---|---|
| ADDYSON LINDSEY EDMOND, OK | EDUCATIONAL SCHOLARSHIP | $2,400 |
| BLAKE SANDERS SHAWNEE, OK | EDUCATIONAL SCHOLARSHIP | $1,000 |
| DELANEY SCORSONE STILLWATER, OK | EDUCATIONAL SCHOLARSHIP | $2,700 |
| ELLY REX REXBURG, ID | EDUCATIONAL SCHOLARSHIP | $2,000 |
| ERIKA OCHOA EDMOND, OK | EDUCATIONAL SCHOLARSHIP | $4,000 |
| MADISON GALLAGHER MANHATTAN, KS | EDUCATIONAL SCHOLARSHIP | $2,700 |
| REBECCA MORREN NORMAN, OK | EDUCATIONAL SCHOLARSHIP | $1,300 |
| TIMOTHY WHITEHEAD OKMULGEE, OK | EDUCATIONAL SCHOLARSHIP | $1,750 |
| DAVID FISHER REXBURG, ID | EDUCATIONAL SCHOLARSHIP | $4,000 |
| KARSON LEYLAND STILLWATER, OK | EDUCATIONAL SCHOLARSHIP | $1,300 |
Leadership & Key People
Leadership team and compensation from IRS filings
Vernon McKown is identified as Co-Founder and CEO of Ideal Homes & Neighborhoods, the company associated with the foundation. Ronda McKown serves as outreach ministry for Ideal Homes & Neighborhoods and is involved in philanthropic efforts.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GENE MCKOWN | DIRECTOR | — | — |
| VERNON MCKOWN | DIRECTOR | — | — |
| S JAREE STAMBECK | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has been actively involved in community initiatives through its parent company, Ideal Homes & Neighborhoods. Notable projects include:
The Ideal Foundation has opened its next nonprofit grant cycle application**Mary Abbott House Renovation:** Ideal Homes & Neighborhoods provided funding and coordinated a bathroom renovation at the Mary Abbott Children's House, a shelter for abused children in Norman, Oklahoma.
**Crossroads Youth & Family Services:** Ideal Homes & Neighborhoods partnered with the United Way of Norman for a Day of Caring, with more than 30 company employees volunteering their time.
Frequently Asked Questions
What does Ideal Homes Foundation Inc fund?
The foundation primarily funds educational scholarships to support the purposes of charitable organizations. Key funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Professional Societies & Associations
How do I apply for a grant from Ideal Homes Foundation Inc?
**Grant Activity:** • The foundation awarded 36 grants in 2023 • Recent notable grant: $300,000 to Food and Shelter in Norman, Oklahoma (2023) • Typical award range: $250–$300,000 **Financial Giving:** • Total giving in 2024: $57,350 • Total giving in 2023: $319,500
Where does Ideal Homes Foundation Inc make grants?
The foundation primarily funds organizations in Oklahoma, Kansas, and Texas, with a particular emphasis on the Norman, Oklahoma area.
What size grants does Ideal Homes Foundation Inc award?
In 2024, Ideal Homes Foundation Inc awarded 30 grants totaling $57K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Ideal Homes Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ideal Homes Foundation Inc reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ideal Homes Foundation Inc's EIN?
Ideal Homes Foundation Inc's EIN (Employer Identification Number) is 73-1594602. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ideal Homes Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.